Hoshizaki to acquire 51% stake in Vietnamese refrigeration manufacturer ARICO

Hoshizaki Corporation signed an agreement to acquire 51% of shares in ASIA REFRIGERATION INDUSTRY JOINT STOCK COMPANY (ARICO), a Vietnamese industrial refrigeration and food equipment manufacturer, to establish its first Southeast Asian production base.

“After making ARICO a consolidated subsidiary, Hoshizaki will invest in ARICO and plans to start production of Hoshizaki-brand commercial refrigerators at ARICO's existing facilities.”hoshizaki.com

• 1 source
• hoshizaki.comHoshizaki Signs an Agreement to Acquire Shares of a Vietnamese Refrigeration and Food Equipment Manufacturer | Hoshizaki GlobalDec 19, 2024

Summarized from public sources; check the original articles before acting on it.